Understanding your personal finances (2017 Update)

Understanding your personal finances (2017 Update)

Understanding your personal finances is something that every person needs to do. By understanding what is going on with your personal finances you will be able to better control them. This can be one of the best ways to avoid money problems and debt.

Getting started is the hardest part. It can seem almost impossible to figure out where to begin when tackling finance issues. The best place to start is to simply look at expenses and income.


As the staples of a good budget, something every person should have, expenses and income are the main financial issues a person needs to understand. To begin you should gather all the relevant information. You may want to get bills, pay stubs and anything else that could help you list out your expenses and income.

The first thing to do is to track your daily expenses. This includes eating out, shopping and gasoline. You want to include these on your expenses list. You may be required to keep tabs for weeks so as to create a clear and accurate picture of your daily expenses.

Write out a list of expenses and then write out your list of income. At this point you should concern yourself with ensuring everything is listed. If your expenses or income vary then try to get a good average. Divide your expenses into daily / monthly expenses so that you can know exactly how you spend your money. Plus this will help when you go to budget your money.


Now you can begin to look at your debt. You should make out a list of your creditors. Your list should include the creditors contact information, the balance of your debt and the interest rate.

Now you should look at your personal finance accounts. This includes things like checking, savings and stocks. You want to list them all, including their current value or balance.

After going through your expenses, income, debt and personal finance accounts you should have a fairly good idea of where your personal finance matters stand. This should be a great platform for you to build upon to get your personal finances in good order. From this information you should be able to create a budget, get debt under control and best manage your personal finance accounts. You should be able to get the big picture about your personal finance situation and to understand it completely.

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The best way to reduce all your debts is consolidate all your debt to one of the lender. 1st LG Credit licensed money lender can provide loan that most suitable for you. In fact, we are furnishing with various type of loan product including personal loan.

The money lending market trend development is benefit to a lot of people. If you need urgent money there are many resources near at hand. Normally, the application and approval process from licensed money lender is quickly than bank.

1st LG Credit is one of the top and Best Licensed Moneylender in Singapore since year 1991. 1st LG Credit Pte Ltd formerly named as Lekshmi Moneylender. All of our loan staff able to provide best service for every client. Besides that, 1st LG Credit moneylender is offering lowest interest rate for all loan products. In addition, we produce with most transparent contract compare to others dishonest money lenders.

Are you in need of cash? Get in touch with us! You may drop by our office at 304 Orchard Road #02-29 Lucky Plaza, Singapore, 238863. Call us at +65 6299 6654 or email to 1stlgcredit@gmail.com. If you have any question. All our loan consultants are well train to answer your needs.

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